Tag: smith

The Business of War: SOFEX

The Business of War: SOFEX

[RADIO STATIC] [MUSIC PLAYING] SHANE SMITH: Nearly every industry in the world has a trade show. You have car shows, electronics shows, even comics have their own trade shows. But here in Jordan for the last 14 years, in huge tents in the middle of the desert, they have a massive trade show for war. …

Adam Smith: Morality & Markets – Is the System Rigged?

Adam Smith: Morality & Markets – Is the System Rigged?

Corruption, fraud, and greed continue to dominate media here in the United States and around the world. As high unemployment and wage stagnation plague the middle class…and growing income inequality has caused millions to wonder: is the system rigged? Is the free market, in its very nature, corrupt? What is the relationship between morality and …

Adam Smith | Wikipedia audio article

Adam Smith | Wikipedia audio article

Adam Smith (16 June [O.S. 5 June] 1723 – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment. Smith is best known for two classic works, The Theory of Moral Sentiments (1759) and An Inquiry …

Happy Birthday, Adam Smith!

Happy Birthday, Adam Smith!

This founding father of modern economics gave us an entirely new understanding of how society works. His magnum opus, An Inquiry into the Nature and Causes of the Wealth of Nations, influenced thinkers as diverse as Thomas Jefferson, Alexander Hamilton, Karl Marx, John Maynard Keynes, and Milton Friedman. While he’s best known for concepts like …

Economic Freedom and Growth

Economic Freedom and Growth

Why are some places rich and others poor? Why are some big cities bright, and others dark? These are some of the most important and enduring puzzles in the history of economics. Adam Smith saw these same contrasts in 1776, and asked the same questions in his book, The Wealth of Nations. For Smith, the …

What Motivated Adam Smith?

What Motivated Adam Smith?

Adam Smith is widely considered to be the father of economics, but if you read the Wealth of Nations, one thing that comes through very clearly is that one of his main concerns is not just to explain where wealth comes from, but in particular, how do we raise the estates of the least among …

7. Utilitarianism and Liberty, John Stuart Mill

7. Utilitarianism and Liberty, John Stuart Mill

Prof: So Adam Smith. And this is what I want to rush quickly through. His life–we don’t really know all that much about his life, and it is not as colorful as Jean Jacques Rousseau. And then his major contributions: his theory of self-interest and how self-interest is related to the common good, his labor …

Giants of the Scottish Enlightenment Part 2: Adam Smith

Giants of the Scottish Enlightenment Part 2: Adam Smith

One of the people who was tremendously influenced by Hutcheson is Adam Smith, another of the giants of the Scottish Enlightenment. Smith’s famous for two major works, The Wealth of Nations and The Theory of Moral Sentiments. The Wealth of Nations is a great work of economics. So important is this, that he’s been called …